The analysis forecasts a bearish trend for Bitcoin based on Elliott Wave analysis. It identifies the formation of double 1-2 waves followed by an impulsive downward movement. The analysis indicates that Bitcoin is currently in a wave 3, potentially leading to an aggressive downward move. A key target price is around 97948, with an area between 102000 and 103000 needing to be watched. Furthermore, Bitcoin dominance shows an upward trend while Bitcoin's price declines, negatively impacting altcoins. Two scenarios were outlined, the first being a drop to the 97948 target with a possible WXY formation. The second scenario involves a zigzag pattern with altcoins lagging, still needing lower prices.